@Steamtesla@historigins Federal Reserve Act involved public and congressional debate following the Panic of 1907. The legislation hinged on political compromise between President Woodrow Wilson, congressional Democrats, and banking reform commissions. Not the elimination of three private businessmen.
@Steamtesla@historigins J.P. Morgan owned the International Mercantile Marine conglomerate, which owned the White Star Line. Was scheduled to sail on the maiden voyage, but he canceled weeks ahead of time to remain in Europe buying art and tending to his health in Aix-les-Bains not last minute
@Steamtesla@historigins No evidence of opposition to a central bank: There is no historical record showing that John Jacob Astor IV or Benjamin Guggenheim opposed the creation of the Federal Reserve. In fact, Isidor Straus publicly supported currency and banking that laid the groundwork for the FRA
@historigins This seating arrangement never left the ground, and the 747 did not even enter commercial service until January 1970. While early flights did have slightly wider seats, real economy class was still quite cramped and significantly more expensive than it is today.
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